Updated Restaurant
For Sale
$499,900
227-229 W Wilson St, Batavia, IL 60510
Updated restaurant property with a complete commercial kitchen, dining area, office, storage, and available parking.
Property Size2,777 SF
Price / SF$180.01
Days on Market53
Property Features for 227-229 W Wilson St
General Information
Standard status
Active
Size
2,777 SF
Property subtype
Retail
Zoning
DMU
Additional Details
Equipment Included
Yes
Building Details
Building Size
2,777 SF
Listing Agency:
John Greene Commercial
Listed By:
Jon Waldron · License #IL 475165468
(815) 693-0544
Source:
Johngreenerealestate
Added: Aug 14
Changed: Oct 1
Last Checked: Oct 4 at 7:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of John Greene Commercial
Investment Insights
Based on property information with market context.
This 2,777± SF restaurant building in downtown Batavia combines a recently updated interior with an operating-ready commercial layout. The property includes a complete kitchen, dedicated dining space, office area, and ample storage, providing the core components of a full-service restaurant setting. DMU zoning is in place.
Parking is available both on the property and along the street. The building is located at 227-229 W Wilson St in Batavia, Illinois, offering a downtown setting for restaurant operations. Existing kitchen equipment and the integrated customer and back-of-house areas support a straightforward transition for a restaurant user.
Parking is available both on the property and along the street. The building is located at 227-229 W Wilson St in Batavia, Illinois, offering a downtown setting for restaurant operations. Existing kitchen equipment and the integrated customer and back-of-house areas support a straightforward transition for a restaurant user.
Key Highlights
- 2,777± SF restaurant building at 227‑229 W Wilson St, Batavia, IL 60510
- Fully updated interior with complete commercial kitchen
- Dedicated dine‑in area, office, and ample storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,715
Cap Rate
6.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$694,300
$694.3K
Cap Rate 7%
$495,929
$495.9K
Cap Rate 9%
$385,722
$385.7K
Market Conditions
NOI Build-Up for 2,777 SF
Gross rent
$50.0K $18.00/SF
− Vacancy
−$3.7K −$1.33/SF
EGI
$46.3K $16.67/SF
− OpEx
−$11.6K −$4.17/SF
NOI
$34.7K $12.50/SF
Area
Kane County, IL
Vacancy
7.40%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$694,300
Cap Rate 7%
$495,929
Cap Rate 9%
$385,722
Alternative Uses
Best Use
Specialty Retail
$495.9K
$433.9K – $578.6K
NOI $34,715 @ 7.0% cap · market cap 6.94%
Second Best
Industrial
$170.8K
$149.4K – $199.2K
NOI $11,954 @ 7.0% cap · market cap 2.39%
Theoretical Best
Office A
$958.8K
$838.9K – $1.12M
NOI $67,114 @ 7.0% cap · market cap 13.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,076
Businesses Nearby
37k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Shops & Services 44%
Beauty & Spa 2%
McDonald's
Dining
17,509 visits/mo
0.2 miles
Shell
Shops & Services
9,496 visits/mo
0.1 miles
Mobil
Shops & Services
3,452 visits/mo
0.1 miles
Dunkin' Donuts
Dining
2,383 visits/mo
0.1 miles
BMO Harris Bank
Shops & Services
1,757 visits/mo
0.1 miles
Demographics for 60510, IL
28,156
Population
11,234
Households
2.5
Avg Household Size
42
Median Age
56%
College-Educated
97%
High-School Grad
24.4 sq mi
ZIP Area
1,154
Density / Sq Mi
$120,925
Median Household Income
$57,884
Median Earnings
$1,285
Median Rent
$363,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Updated restaurant property with a complete commercial kitchen, dining area, office, storage, and available parking.
Where is this conventional restaurant located?
The property is located at 227-229 W Wilson St Batavia, IL.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 2,777± SF restaurant building at 227‑229 W Wilson St, Batavia, IL 60510; Fully updated interior with complete commercial kitchen; Dedicated dine‑in area, office, and ample storage
